Corkhill bought the 1000 hectare block from the

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canada goose factory sale Photo: Knight Frank Town PlanningIn other cases, the subject of a recent audit report, the government has bought land off farmers to develop itself in the future.The government justifies its decision to share profits with the Corkhill family by saying the Corkhills also bring their own land to the deal over the NSW border.As part of the joint venture, Corkhill surrenders its NSW land holdings to the territory government.However, the ACT government bought the Corkhills’ land on the ACT side of the border for $4.5 million in 2016.Corkhill bought the 1000 hectare block from the Shepherd family in 2004 for $800,000. It has owned most of the land on the NSW side of the border since 1984.The ACT and NSW land will be combined for the new Ginninderry estate, although the NSW land will only be developed if NSW agrees to rezone it.Riverview has 15 years to get the zone change through, with development on the NSW side of the estate expected to begin in 2033. If NSW doesn’t agree to rezone by then, the Corkhills hand their NSW land to the ACT government for $1.Asked whether the share of the profits was fair, given the ACT government had paid for the ACT land already, Mr Maxwell said, “It is important to note that it was considered by the ACT Government between 2006 and 2015, and was approved to proceed” canada goose factory sale.

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